Flea Market Naysayers Begone!

Discussion in 'US Coins Forum' started by stldanceartist, Aug 16, 2014.

  1. stldanceartist

    stldanceartist Minister of Silly Walks

    Hello everyone!

    I've read a few threads in which some people claim that flea markets are solely the realm of dealers bringing low-grade/problem coins and sketchy sellers with questionable material. (I might generally agree with this...but I would argue not to avoid them completely.)

    Well...I thought it might be fun to have a thread sharing some quality coins/currency purchased at flea markets.

    Please allow me to share this 1941 D Jefferson Nickel I picked up today:

    1941 D Jefferson Nickel 1.jpg
    (Two Ikea Jansjo's and two diffused Reveal Halogen bulbs)


    1941 D Jefferson Nickel 2.jpg
    (Just my new LED flash ring)

    1941 D Jefferson Nickel 3.jpg

    (Both LED ring and aforementioned 4 lights)

    Yes, you are seeing 6 FULL steps. In hand, I can't see a single mark on the obverse.

    This is a great, great coin...and I got it at a flea market!

    Let's see some of YOUR flea market gems!​
     
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  3. jallengomez

    jallengomez Cessna 152 Jockey

    Those are some nice coins!

    My experience with buying at flea markets is limited, but from what I have seen, sellers at markets don't know what they have and tend to severely overprice items. Did you get a good deal on these?
     
    rockyyaknow likes this.
  4. stldanceartist

    stldanceartist Minister of Silly Walks

    (FYI - these photos are all the same coin ;))

    I got this for $5. I got about 6 others for $20 total...this is the nicest of the lot. Don't think I have time to photo every one, but I just had to share this one!
     
    jallengomez likes this.
  5. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Before I knew how rare it was, I once bought at a flea market an 1853-O No Arrows half dime in a PCI Fine holder back of bid, and the coin was a VF. It was a little dark, but a legitimately nice coin, and far more rare than anyone realized at the time.

    I sold the coin to another dealer for nearly VF money, and felt good at the time. Wish I'd kept that one . . .
     
    stldanceartist likes this.
  6. jallengomez

    jallengomez Cessna 152 Jockey

    I should have paid more attention. Nice coin! I think that coin is PCGS FS all day long. I'd say you're definitely in the money with that one.
     
  7. jallengomez

    jallengomez Cessna 152 Jockey

    I think you'd even get NGC 6FS out of that one, but the nickel experts should chime in.
     
    stldanceartist likes this.
  8. stldanceartist

    stldanceartist Minister of Silly Walks

    I would say I'd have to agree. I can see the entire outline of every...single...step...including the bottom line. Really, really lucked out on this one. Almost walked away from the table, too!
     
    jallengomez likes this.
  9. Kentucky

    Kentucky Supporter! Supporter

    Got this one for $13 50 Rupee Front.JPG 50 Rupee Back.JPG 50 Rupee Mirror.JPG
     
  10. throwbackid

    throwbackid Well-Known Member

    Did you go to the one at the BelleClair Fairgrounds today? We should meet up maybe we can do some coin trading.
     
    stldanceartist likes this.
  11. stldanceartist

    stldanceartist Minister of Silly Walks

    I did! Usually there every month. Heading to Bloomington tomorrow, though...
     
  12. throwbackid

    throwbackid Well-Known Member

    Me too, I love the old round guy in the back room he is the best. I once bought a 100 oz bar from him accidentally giving him an extra hundo. I didn't go back for about 3 months but when he saw me he had my $100 waiting. Integrity like that doesn't exist anymore.
     
    Jwt708, spirityoda and silentnviolent like this.
  13. joecoincollect

    joecoincollect Well-Known Member

    Yeah I really agree. Flea markets are awesome. There's this one I go to and it's almost unknown to other collectors. It's huge too! Let's just say I get quite lucky sometimes. For instance, I got a buffalo commem silver dollar for 25. Sold it for 150 on ebay. I got a modern USSR mint set for 2 dollars, sold it for about 145. I could go on and on. These kinds of profits might not be that alluring for collectors with bigger pockets, but I'll get to that level eventually with more luck! Part of the fun at these places is the hunt for great deals, as I'm sure you know. I keep some of the stuff, but often profit from the better coins I find, then I buy more stuff. Sorry, I have know pics to share at this time
     
  14. jlogan

    jlogan Well-Known Member

    a few years ago i got a 1934S peace dollar labeled as a 1934D for $15 at flea-mart :D. its only about a VG-F grade, but still a nice coin.
     
  15. dwhiz

    dwhiz Collector Supporter

    I bought this at a flea market, I must admit it's the only coin I've bought at one. I sent it in for grading
    1946D BTW MS64 1-horz.jpg
     
    BadThad likes this.
  16. rockyyaknow

    rockyyaknow Well-Known Member

    For the most part that is my experience as well. There is a decent flea market a couple miles from my house were I go almost every weekend. Its tough to find coins there. There are always people that have circulated clad Ikes where they sell for like $3.00 thinking they are worth more than face. Can usually find junk silver but not always.
     
    jallengomez likes this.
  17. rockyyaknow

    rockyyaknow Well-Known Member

    Just last week a guy had a painted ASE hidden is with a bunch of other non coin stuff. He had a price on it for only $15 and I offered him $12 and he took it. I don't care for ASE much especially painted ones do I went to another stand where a lady always had a few coins usually a bit over priced but not too bad. Traded her the painted ASE and $22 for 2 1922 Peace dollars. So I paid about melt for two Peace Dollars and I was plenty happy with that.
     
  18. GDJMSP

    GDJMSP Numismatist Moderator

    Not soley, just most of the time. And it is important to remember that exceptions do not disprove the rule.

    And there is a qualification that goes along with that. That being that anyone that knows coins well enough can browse for coins anywhere at any time without ever having a concern. This is because your knowledge will protect you and allow you to identify problem coins and hopefully at least some fakes.

    But, that's a pretty big statement. The fact of the matter is that the average collector does not know coins well enough to do this. And because of that they end up getting burned more often than not when browsing for coins at places like flea markets, yard sales, estate sales and the like.

    Also remember that even blind squirrels find acorns, just not very often.
     
    Ed Sims likes this.
  19. Kentucky

    Kentucky Supporter! Supporter

    You should see my collection of foreign Cu-Ni coins I was positive were silver.
     
  20. stldanceartist

    stldanceartist Minister of Silly Walks

    Am I the blind squirrel in this scenario? :)
     
  21. Dougmeister

    Dougmeister Well-Known Member

    You *might* be the nut ;-)
     
    jaceravone and stldanceartist like this.
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